PRODUCTS, ENGINEERING TECH
PR Newswire | May 18, 2023
Ansys, the global leader and innovator of engineering simulation software, announced today that it has entered into a definitive agreement to acquire Diakopto. A provider of differentiated EDA solutions to accelerate integrated circuit (IC) development, Diakopto focuses on helping resolve critical issues caused by layout parasitics. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the second quarter of 2023. It is not expected to have a material impact on Ansys' consolidated financial statements in 2023.
Diakopto develops products that address the growing complexities and unintended effects of designing ICs in the modern era. Semiconductor designs increasingly employ advanced process node technologies, where interconnect parasitic effects limit the performance, reliability, and functionality of designs. Diakopto's market-leading products have been adopted by dozens of customers, including tier-one semiconductor companies, for a broad range of applications.
With the acquisition, Ansys will better enable design engineers to "shift left," and to detect interconnect parasitic problems early in the design cycle. Diakopto's products provide actionable analytics to guide designers to fix these problems – a capability that has not existed before. Through early identification and what-if analysis of parasitic problems, engineers can minimize costly iterations late in the design cycle – furthering cost and time savings.
"Diakopto's culture of strong engineering excellence and its innovative and highly differentiated products create a natural alignment with our organization. We are eager to welcome their team to the Ansys family," said Shane Emswiler, senior vice president of products at Ansys. "Incorporating Diakopto's unique methodology will support designers using Ansys to quickly and easily pinpoint the few elements, out of billions, causing bottlenecks. Designers can then optimize and debug designs more efficiently for enhanced IC performance and reliability, and accelerate time to market. The acquisition will complement Ansys' existing offerings for engineers at every level as Diakopto's intuitive and out-of-the-box experience doesn't require extensive training or complicated setups or configurations."
"Today's announcement brings together two like-minded companies on the forefront of innovation, and we are excited about becoming part of the Ansys family," said Maxim Ershov, CEO and CTO at Diakopto. "By joining forces with Ansys, we're confident that we can solve a broader set of problems in the chip design workflow together, strengthening offerings for our customers and driving more innovations in high-tech designs for data center, 5G, automotive, and mobile applications."
When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.
STACK Construction Technologies | March 20, 2023
STACK Construction Technologies is leading the pack when it comes to implementing robust security protocols. As measured by SecurityScorecard, STACK's ranking of 97/100 delivers an A grade to its state-of-the-art network security, DNS health, IP reputation, social engineering, and more. In comparison to competitors and other Construction Tech leaders, like Autodesk (81/100) and Procore (94/100), respectively, STACK is proud to be raising the bar and setting a new standard.
"At STACK, we strive to nurture a culture of security awareness, ensuring that every employee understands their role and the importance of safeguarding our systems and customer data," said Robert Vazquez, STACK's Chief Information and Security Officer. "We believe that independent and transparent evaluation is crucial to maintaining the highest standards of security and building trust with our customers. That's why we regularly engage independent third parties to conduct thorough evaluations of our security practices and provide valuable insights to help us continuously improve our security posture."
This remarkable dedication to data security comes at a time when the average cost of a data breach for small business is estimated at $2.98 million, and 65,000 vulnerabilities were discovered in small businesses in 2022, up 21% from the previous year. As an industry that's been slow to adopt newer technologies, construction can be a prime target.
That's why STACK is leading the way and has established a comprehensive system of robust data security protocols to mitigate risk. The company has expanded its SOC 2 compliance from construction to preconstruction solutions, ensuring security through a rigorous auditing process. STACK also implements Auth0 single sign-on (SSO), user management, and identity analytics, further protecting user data.
Its best-in-class engineering teams, HR, workforce enablement, and leadership are the backbone to its data security success. STACK also provides ongoing training and education to its employees to ensure they are aware of the latest threats and best practices for data security.
About STACK Construction Technologies
From project evaluation to completion, contractors use STACK's cloud-based software to help run their business and maximize their profits. Our preconstruction solutions enable fast and accurate takeoff and estimating, as well as providing a centralized hub where plans, specs, and other construction documents can be stored, evaluated, measured, and shared. Our construction solutions power real-time field and project collaboration by allowing teams to quickly and easily review, annotate, compare, and share plans, anywhere, from any device. STACK's superior collaboration tools ultimately improve project outcomes and profitability for contractors.
QA Consultants | March 02, 2023
ALTEN Group, recently announced its acquisition of QA Consultants, a top independent software quality engineering services firm.
QA Consultants’ primary objective is to enhance the influence of software in the world with a powerful quality engineering team. The firm provides services to ensure that software functions appropriately, is flexible, and secure, and is the cornerstone in assisting businesses worldwide to develop and execute better quality software.
The acquisition of QA Consultants by ALTEN Group, a global engineering and IT services company specializing in technology consulting, allows the group to enhance its data, agile software development cloud, cybersecurity consultancy, and infrastructure. With this acquisition, ALTEN's employee count in North America is now nearly 3,000, and its global employee count is over 52,000.
ALTEN has agreed to purchase most of QA Consultants' assets for an undisclosed amount, marking a substantial addition to ALTEN's services portfolio. QA Consultants will continue to operate as an independent subsidiary of ALTEN and maintain business as usual, with the current senior leadership team staying with the company.
Alex Rodov, Founder and Managing Partner of QA Consultants, said, “We set out almost 30 years ago to create the world’s best quality engineering services firm and we have emerged as the North American leader in identifying risk for small and large enterprises. I am incredibly proud of what our organization has accomplished and am grateful to our employees for their contributions.” He further added, “This transaction marks the start of an exciting new chapter for QA Consultants where we become part of a much larger enterprise with aligned cultures, allowing us to bring further value and capabilities to our customers.”
(Source: Business Wire)
About QA Consultants
QA Consultants is an award-winning firm that provides software quality engineering services. They specialize in software testing and quality assurance solutions, and are supported by top industry practitioners and solutions. They serve businesses, industries, and government as a trusted engineering services provider.
The firm has successfully delivered 12,000+ mission-critical projects in the private, public and not-for-profit sectors. QA Consultants has a strong emerging technologies practice which concentrates on providing quality engineering solutions for autonomous and connected vehicles, artificial intelligence (AI), blockchain, and the Internet of Things (IoT).